Oil India Q2 FY26: Profit Hit By Write-off, Broker Maintains BUY With Rs 532 Target

Overview

Oil India reported Q2 FY26 results showing flat oil production and a 2.8% drop in gas output due to protests. Despite improved prices, EBITDA significantly decreased by 39.3% YoY due to a Rs 7.2 billion write-off for an Andaman well. Profit After Tax (PAT) fell 43.1% YoY but rose 28.3% QoQ. Prabhudas Lilladher maintained its 'BUY' rating, raising the target price to Rs 532, citing steady growth prospects.